Niyo acquires Kanji Forex; appoints Amit Talwar of IndusInd Bank as CEO of forex business

Finnew Solutions, which operates fintech startup Niyo, has acquired legacy forex company Kanji Forex, thereby entering into the foreign currency exchange business. The Bengaluru-based startup has appointed ex-IndusInd Bank senior executive Amit Talwar as the chief executive officer of Niyo Forex, the new business entity set up through the acquisition.

The company did not disclose the financials of the deal.

Accel-backed Niyo plans to offer forex offerings across foreign currency, forex cards, and outward remittances, which are allowed as per the…